Coach Still Sees Growth in China: CEO

Unlike for many European luxury brands, China remains a strong market for Coach, Lew Frankfort, CEO of the high-end leather goods company, said Tuesday.

"With regard to China, our position is an accessible luxury brand which means our price points are 40-60 percent lower than the average European luxury brands," the executive said. "So our products are more in reach for the emerging middle class."

That has meant that the company's products are finding acceptance not just in the tier one Chinese cities like Shanghai and Beijing but smaller cities as well, Frankfort said on CNBC's "Closing Bell."